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World Bank

Ireda and Rumsl Join Hands for Large-Scale Solar Parks in Madhya Pradesh

Out of the total power proposed to be generated at Rewa solar park, 24% has been agreed to be purchased by Delhi Metro Rail Corporation and balance 76% by Madhya Pradesh Power Management Company Ltd ( MPPMCL). Indian Renewable Energy Development Agency Limited (IREDA) and Rewa Ultra Mega Solar Limited (RUMSL) signed an agreement today […]

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Ireda and Rumsl Signs Agreement for Large-Scale Solar Parks in Madhya Pradesh

Indian Renewable Energy Development Agency Limited (IREDA) and Rewa Ultra Mega Solar Limited (RUMSL) signed an agreement today for financing the shared infrastructure of two large Solar Parks in Madhya Pradesh. Ministry of New & Renewable Energy (MNRE), World Bank & IREDA have been able to work out a proposal to channelize US$ 100 Million […]

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Engagement of Environmental Consultant for SECI

Solar Energy Corporation of India Limited (SECI) is planning to set up a solar –wind hybrid project with World Bank financing. To assess and ensure the environmental safeguards requirement for the project, SECI intends to engage a Consultant on environmental matters on Retainer basis. Individuals having vast experience in various areas of preparation and implementation of environmental and social […]

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India Need At Least $125 Bn Fund To Achieve Its Renewable Goal

In 2015, India said speculation of $100 billion in the seven years to 2022 would be expected to meet its sustainable power source objectives. India will require at any rate $125 billion to subsidize its aspiring arrangement to expand the offer of sustainable power supply in the nation’s matrix by 2022, an imminent government official […]

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International Finance Corporation to Support Largest Solar Power Plant in Jordan

The solar plant in Jordan is the latest in a series of efforts to boost renewable energy investments in a country faced with increased energy demand, in part driven by the growing refugee crisis, according to an IFC statement published on its website. The International Finance Corporation (IFC), a member of the World Bank Group […]

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Investing Renewables Infesting Fossils

Renewable Energy Sector as a Future Investment Model With increasing technological advancements, renewable energies are having a significant impact. Renewable energy is becoming increasingly viable, a trend that could potentially be a game-changer for investors, particularly large scale, global investors. The International Energy Agency projected that renewable energy will continue to grow by 42 percent […]

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Rs 2,800 Cr To be Invested in Madhya Pradesh Based Solar Park by IFC

Continues of the speculation by IFC will be utilized for the development, operation, and upkeep of the solar plant. In one of the greatest arrangements in the sustainable power source space, International Finance Corporation (IFC), some portion of World Bank gathering, is near contributing $440 million or Rs 2,800 crore in Rewa Ultra Mega Solar […]

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Solar Power Projects Get Assistance from International Institutions: Government

The assistance for solar power projects under such schemes are available to all States/UTs depending on requirement and demand. The Government has various solar power programmes which are being implemented through assistance of World Bank, International Finance Corporation and other multilateral financial institutions. This was stated by Power and New & Renewable Energy Minister, Raj […]

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Year End Review 2017 –MNRE

Government is on its way to achieving 175 GW target for installed Renewable Energy capacity by 2022 India attains 6th position in global Solar Power installed capacity By November 2017, a total of 62 GW Renewable Power installed, of which 27 GW installed since May 2014 and 11.79 GW since January 2017 Historic Low Tariffs […]

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